Solana Surges 18%? Traders Divided as On-Chain Metrics Signal Caution
2025-08-14
The Solana price has taken the spotlight once again after jumping nearly 18% in less than two days, briefly touching $205 before dipping below the $200 mark.
The sudden rally sparked renewed chatter about a possible run toward $250, yet market sentiment remains split.
While some traders see strong momentum building, others point to on-chain signals and derivatives activity that suggest caution may be warranted.
What is Driving the Solana Price Surge?
Compared to the broader cryptocurrency market, Solana’s recent performance has been notably stronger.
Its market capitalization has risen to $107 billion, still behind Binance Coin’s $117 billion but well ahead of many competitors.
Over the past month, on-chain activity has surged, with transactions increasing by 48% and network fees climbing by 43%.
This growth stands in sharp contrast to the BNB Chain, which has seen transaction counts fall by 41% during the same period. Such network expansion is often seen as a sign of healthy adoption, yet some analysts caution that price and usage do not always move in perfect sync.
Futures and DEX Data Point to Mixed Sentiment
While the Solana price news looks impressive on the surface, derivatives data suggests traders are approaching the rally with measured expectations.
The perpetual futures funding rate for SOL currently sits at 12%, a level considered the dividing line between neutral and bullish sentiment.
This is significant because the last time Solana crossed the $200 level in July, the rally lost steam within a day. Additionally, decentralized exchange volumes on the Solana network have fallen for three consecutive weeks, dropping to $20.6 billion.
For comparison, Ethereum recorded $116.2 billion in DEX volume over the same period, without factoring in its Layer-2 networks.
Such numbers indicate that while the Solana price today shows strength, broader market participation has yet to follow in full force. Without a clear surge in either retail or institutional trading activity, sustaining the momentum toward $250 may prove difficult.
Read more about Solana (SOL):
Solana (SOL), Market Cap, Price Today & Chart History
SOL to USD: Convert Solana to US Dollar
ETF Inflows Offer a Glimmer of Optimism
One encouraging development comes from the REX-Osprey Solana staking ETF, which has accumulated $161 million since its launch in July.
While this is far smaller than the $2.33 billion Ethereum ETFs have gathered since early August, it suggests that there is steady institutional interest in Solana.
However, analysts note that the lack of a fully approved Solana spot ETF in the United States limits the scale of institutional inflows. If such approval were to come, it could serve as a significant catalyst for the Solana price.
Solana Price Prediction and the Road Ahead
The current rally shows that Solana’s fundamentals are improving, with leverage remaining in check and sentiment far from overly euphoric. This balance may prevent a sharp pullback in the short term.
Still, for Solana to move decisively toward $250, market participation would likely need to expand, supported by both on-chain growth and external catalysts such as ETF developments.
For now, the market appears to be in a wait-and-see mode. Traders are watching to see whether the cautious optimism of today can turn into strong buying momentum in the days ahead.
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FAQ
Can Solana reach $1,000 in 2025?
It is highly unlikely for Solana to reach $1,000 in the next few years.
Does Solana have a future?
Yes, based on technical analysis, Solana is expected to have a strong future. The price is predicted to reach approximately $241.85 by 2030 and $641.70 by 2050.
Can Solana reach $5,000?
Some crypto experts believe that the Solana coin could potentially reach $5,000 by 2030.
Is it a good time to buy Solana?
According to a technical analysis of the four-hour chart, Solana is currently showing a bullish trend. The 50-day moving average is rising, which suggests a strong short-term trend, and the 200-day moving average has been rising since August 8, 2025, indicating a strong long-term trend.
Who owns Solana?
The Solana blockchain platform was launched in 2020 by Solana Labs. The company was founded in 2018 by Anatoly Yakovenko and Raj Gokal.
How high can Solana go?
Solana could potentially reach a high of $1,250 to $2,000 by 2030. This peak is expected to occur sometime between 2027 and 2028.
Disclaimer: The content of this article does not constitute financial or investment advice.
